September 23, 2020

ESA and RENEW Northeast Defend Financing Stability for Storage and Other Resources in the ISO-NE Forward Capacity Market

Today, ESA joined with RENEW Northeast to file a reply brief in proceedings under Docket No. EL20-54 at the Federal Energy Regulatory Commission (FERC) regarding changes to ISO New England Forward Capacity Market pricing rules, in which a new resource can lock in for up to seven years the capacity price it receives in its first capacity auction. Specifically, ESA and RENEW request that FERC maintain a conservative stance on changes to ISO-NE’s capacity market price-lock, which will support deployment of energy storage and incremental capacity from repowered renewable energy resources. RENEW and ESA respectfully request that, if FERC is inclined to limit the availability of the price-lock, the Commission should consider either a schedule for phasing out the price-lock over a number of years or shortening the duration of the price-lock to something less than seven years rather than seek its full elimination.

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